MBA Placement Rates Increase

Despite a difficult year due to the recession, b-schools in general were able to make a turnaround in terms of placement rates. The market for MBA graduates has made a rebound from probably one of the most difficult MBA hiring seasons ever. Many of the top-ranked MBA programs (full time) have experienced an increase in job landing rates for their graduates, according to Bloomberg BusinessWeek. Some of the schools that were able to make a slow recovery include Harvard Business School, the Kellogg School of Management of Northwestern University, the Wharton School of (University of Pennsylvania), and the Booth School of Business (University of Chicago).

Effects of recession still linger

However, the effects of recession can still be seen in the dramatically altered MBA career landscape. These effects include fewer or lower signing bonuses for MBA graduates, not-so-good compensation packages compared to previous years, and internships that have resulted to fewer or even zero job offers. Because of these lingering effects, some business school administrators are advising their students to adjust job expectations based on the current trends.

Still, some MBA graduates have expressed their optimism and persistence in landing a job with good perks and compensation packages. According to Olin Business School’s Weston Career Center director and associate dean Mark Brostoff, the marketplace for MBA graduates has improved, but it still needs a lot of boost.

Photo Credits: OpenSourceway

source: BusinessWeek

Listing Extracurricular Activities in College Application Forms

College applicants, when filling up the Common Application form, may feel a bit queasy when they see the numerous white blanks set aside forExtracurricular Activities and Work Experience. What if an applicant hasn’t done so many extracurricular activities or doesn’t really have any work experience at all?

The truth behind extracurricular activities

According to Kenyon College Dean of Admissions Jennifer Delahunty, they do appreciate students with lots of extracurricular activities, but what makes them cringe is when they see items such as “personal reading” listed down. Delahunty is happy that a student loves to read, but items like these are just fillers.

The space provided for in the Common College Application form for Extracurricular Activities and Work Experience can reach a total of 12 blank spaces, but that doesn’t mean applicants are required to list down 12 activities. As a matter of fact, admissions officers are looking for more in-depth experiences. They prefer quality over quantity in terms of activities. After all, colleges and universities prefer well-rounded students who made distinct achievements in a specific field over students who have done plenty of little things.

For this year’s Common Application form, the sections for the extracurricular activities and work experience have been combined into a 12-line space. This was done so as to imply that there is no hierarchy between work experience and extracurricular activities.

Photo Credits: L.E. Macdonald

source: New York Times

Look Before You Leap: Mindset before Applying to Law Schools

There is a certain challenge offered by a law school that can spark the fire in a conscientious and ambitious student. A student, who has always aspired to be in a legal profession, whether through the legacy of his/her parents or through other personal reasons, may go to law school no matter what the cost – physically, mentally, and financially. However, the current trends are suggesting that even this type of student should stop, look, and listen.

The legal profession as of late

As of the moment, the legal profession is not at its prime. In the job market, there are lawyers who have had fantastic grades in law school and in the Bar exam settling for other career alternatives. Some legal professions are not as lucrative or rewarding as they used to be. Some may even find out that this is not the glamorous profession that aspiring law students dream of and imagine about.

The future of law students

It takes extra years to earn a law degree, and those years might feel extra long because of the long nights of studying. Law school, without a doubt, demands a lot, since the years you spend in one also cost a lot. There are many law school students who are looking at a pile of debt from their student loans. Because of the poor job market for law graduates, those loans will not get paid fast. Current law students may later find themselves in a dilemma given the state of today’s job market.

Of course, the most brilliant of the lot can still do wonders in the legal profession. Determined law school students can earn their degree and rise above the competition.

Photo Credits: the Italian voice

Source: Shilling Me Softly

Job Market for MBA Graduates on a Positive Turn

A few weeks back, there were reports of the decrease in MBA enrollment nationwide. Because of this negative trend, supposedly top business schools have relaxed their admissions standards. Now, there are reports of a significant rise in job opportunities for MBA graduates. This could actually turn things around for MBA enrollment and may also tighten business school standards again. Managing director of London-based Quacquarelli Symonds, Nunzio Quacquarelli, says that the downward turn for MBA graduate hiring is short-lived. Now, the MBA job market is pretty robust again.

A general positive turn?

The trend on MBA job market increase is worldwide. However, there are some areas that best experience the positive turn. For example, Russia is experiencing a 22 percent rise in the MBA job market. That is pretty good compared to the United States’ 9 percent rise this year after a hard fall in 2009. What is important though is that both countries are experiencing a good turn for MBA graduates. As for salaries, European companies offer the best ones, accompanying the positive rise in the MBA job market.

Effect on the MBA graduate enrollment and admissions

The rise in the MBA job market should help in encouraging more enrollees to the top business school list. They will want to take advantage of the current trend while it lasts.

Photo Credits: gadgetdude

Source: Businessweek

What to Know About the University of Michigan Ann Arbor Ross

The University of Michigan (Ann Arbor) Ross School of Business is a top institution established in 1924. In 2001, Robert J. Dolan became the business school’s dean. As part of his school plans as the new dean, Dolan aims to make a mark among recruiters and MBA candidates.

The business school was renamed the Stephen M. Ross School of Business after Stephen M. Ross (alumnus) donated a total of $100 million. At that time, Ross’ donation was the biggest ever given to a business school.

Degrees offered

The degrees offered at this business school include BBA, full-time MBA, part-time MBA, executive MBA, global MBA, Master of Accounting, PhD programs, executive education, and Master of Supply Chain Management.

Alumni

Notable alumni from the Ross School of Business include blogger and documentary filmmaker Hao Wu, General Mills CEO Stephen Sanger, National Geographic Society CEO and President John M. Fahey, Jr., United States Olympic Committee President (emeritus) William C. Martin, Allstate CEO Thomas J. Wilson, and Freddie Mac Chief Financial Officer David Kellermann.

Rankings and reviews

The school’s MBA program was ranked by BusinessWeek as 5th in 2008, its BBA as 4th in 2009, and its EMBA as 4th in 2008. According to US News, the school’s MBA is 12th in 2010, and its BBA is ranked 4th in 2010. The Wall Street Journal ranks the school’s MBA program as 7th in 2008. Forbes ranks the school’s part-time MBA as 7th in 2009.

Admission tips

Hundreds or even thousands of applicants try their luck with the business school’s admissions process. The application to the University of Michigan (Ann Arbor) Ross School of Business is quite competitive. One must have an excellent high school record in order to get better chances in the admissions. Aside from this, the applicant must also pass the exams and the interviews conducted by the school with flying colors. Another equally important requirement in this school is the admissions essay. One must submit a notable personal statement in order to successfully make through the admissions process.

Admission facts

Number of students who are admitted each year:

MBA Program: 419
BBA program: 337

Contact info

For Part-time MBA, Full-time MBA, and BBA and MAcc Programs
Office of Admissions
Stephen M. Ross School of Business
University of Michigan
701 Tappan Street
Ann Arbor, MI 48109-1234
Phone: (734) 763-5796
Fax: (734) 763-7804
Email: MBA RossMBAAdmissions@umich.edu
PTMBA: rossptmba@umich.edu
MAcc: rossmacc@umich.edu
BBA: rossbba@umich.edu

For Executive MBA
Executive MBA Program
Stephen M. Ross School of Business
University of Michigan
701 Tappan Street
Suite 2540
Ann Arbor, MI 48109-1234
Phone: (734) 647-3400
Fax: (734) 763-7804
Email: rossemba@umich.edu

Alumni Created MBA Bond to Offer Loans to Students

Together with Prodigy Finance, INSEAD is set to launch a new international loan program for its MBA students. The program called The Prodigy MBA Bond for INSEAD is expected to be a sucessful project, which will help provide financial assistance to INSEAD’s MBA students while letting investors and some alumni gain profits from their investments. The partnership is expected to be a fruitful venture since INSEAD, an international business school with branches in Singapore, Dubai, and France, has already worked with the company, which offers international educational finance. INSEAD Dean J. Frank Brown has confirmed that the international business school has been working side by side with Prodigy Finance for the last four years.

The bond

Prodigy Finance founder, Ryan Steele, cited the value of a bond, which is greatly appreciated by family offices and alumni investors. The company, according to Steele, has more than 5.5 million euro in assets. It was able to give investors 5% returns per year since 2007, in spite of the economic meltdown. This project was actually started by three alumni of INSEAD to provide an alternative source of funding, other than banks, for students who want to pursue higher education. It started in 2007 and has now covered about 198 INSEAD MBAs from different countries. In December this year, the company is expected to provide loans to 160 students.

The program is made possible through the community education bond amounting to 50 million euro. The bond is actually linked to 200 students to ensure diversification. The investors can easily track online which students are given school funding, getting them more involved with the project.

Photo Credits: Allan Cleaver

Penn State College of Medicine to Hold a Primary Care Day

If graduate schools and business schools hold an open house, information sessions, or other networking get-togethers, medical schools also have their own way of welcoming and preparing their prospective students. For this purpose, The Penn State College of Medicine is hosting its Primary Care Day on October 23, 2010.

What exactly is Primary Care Day?

Primary Care Day is like an open house with a slight difference. Prospective students from University Park can come in for a day and get to know more about the medical program, including the admissions process. During Primary Care Day, the prospective students may get some tips about the application process, especially since they can actively interact with current students and faculty. Primary Care Day is held every fall at the Penn State Hershey Medical Center.

What are the event and contact details for the Primary Care Day?

Primary Care Day is to be held on October 23, 2010. It begins at 8:30 am. The event is free to prospective students and other guests alike. A free lunch is also served. Access to registration forms is available online. For those who have queries about the event, they can contact Diane Ferron at dferron@hmc.psu.edu or phone 717-531-1534.

Info about the University of Southern California Marshall School

The USC Marshall School of Business is a private research and academic institution at the University of Southern California. The Marshall School of Business is the largest among the 17 USC’s professional schools. The school was established as the College of Commerce and Business Administration in 1920. It was in 1960 that the Graduate School of Business Administration was established. The school only acquired its present name in 1997 after an alumnus, Gordon S. Marshall, donated $35 million.

Degrees offered

The school offers excellent degrees and programs. In fact, the school’s undergraduate MBA programs belong to the top ten and top 20 in the whole country. For the undergrad, the school offers a Bachelor of Science in Business Administration. There is also the Global Leadership Program available. For the graduate degree, there is a full-time and a part-time MBA. There is also the Executive Education, Global Executive Education, and PhD. Most of the programs and courses that this school offers are highly ranked by reputable organizatons.

Alumni

The chairman and CEO of Traders Joe’s, Dan Bane is an alumnus of this school. Another alumnus of Marshall School is John Campbell, a US Comgressman. The co-founder and CEO of MySpace is also one of the notable alumnus of this school. The CEO of Glencore, Ivan Glasenberg also came from this school. There are more other notable alumni of this school in the world of business and even outside of the business world.

Rankings and reviews

The degrees and programs offered in the University of California Marshall School of Business are all excellent. The full-time Marshall MBA is ranked number 25 by the BusinessWeek in 2008, and number 20 by the US News and world Report in 2009. The part-time MBA is fifth in 2009 by the US News and World Report, and 3rd according to BusinessWeek in 2007.

Admission tips

The University of Southern California Marshall School of Business is highly competitive. This is why one must exceed the standard requirement upon application. One must have a good high school record, excellent entrance exam and interview result, and also an attention-grabbing personal statement. Take note of these 2011 application deadlines:

November 1, 2010
January 15, 2011
March 15, 2011

Admission facts

Average 2009 GMAT: 690
Average 2009 Acceptance Rate: 22%
Average 2009 GPA: 3.3
Class Size: 222

Contact info

One can find more information about the school at www.marshall.usc.edu. The site can give you the phone numbers of the different departments and admissions personnel.

Office of Undergraduate Admissions
BRI 105 (213) 740-8885
busadm@marshall.usc.edu

Office of the Associate Dean
BRI 103 (213) 740-9617

Kim D. West, Ph.D.
Associate Dean of Undergraduate Programs
kwest@marshall.usc.edu

Cynthea Jackson,
Administrative Assistant
cyntheaj@marshall.usc.edu

Photo Credits: J Rosenfeld

UM School of Education to Hold an Open House

The University of Michigan’s School of Education is holding an open house for potential undergraduate and graduate students. During the event, faculty, admissions officers and even current education students will be there to answer questions and to welcome the guests.

Features of the open house

The open house aims to relay information about the School of Education to potential students. Admissions officers and even the current faculty and students will be talking about teacher education, certification, joint degree, higher degree programs, and the school’s partnership with Teach for America. Through the open house, the School of Education hopes to encourage more students to take up a career in education.

Details of the open house

The UM School of Education Open House will be held on October 21, 2010 from 6:00 pm to 8:00 pm. The event will be held at the School of Education building. This two-hour event will be packed with activities, with the first 15 minutes especially allocated to the Meet and Greet. There will be talks and even a writing workshop for the prospective education students. The organizers will be serving refreshments and hors d’oeuvres.

For those who are interested in the open house, it is best to register at http://sitemaker.umich.edu/education.osadata/open_house_2010_registration first.

Photo Credits: dbking

Preparing for the MCAT

The MCAT is crucial to landing that important medical school interview. A good one can eclipse the fact that the applicant does not have as much medical background as other applicants with lower MCAT scores. On the other hand, a bad one can weigh down an otherwise good set of credentials. The MCAT is not really the most accurate indicator of how a person will do in medical school but applicants still need to do well in this standardized test. Standardized tests, no matter what the field, become one of the best bases of admissions committee on how good an applicant is because these tests help gauge a student’s ability to analyze things.

Doing well on the MCAT

So, students who are planning to take the MCAT should not feel bad about shelling out $1,000 to $2,000 for a test prep course. The amount can turn out to be a great investment. Working under a prep course may help applicants to cover the large amount of material needed to be learned for the MCAT. Practice tests will also help applicants get a feel of the real MCAT.

Actual techniques

Those who are preparing for the MCAT should have a study plan or a schedule of topics to cover over a period of time. They must go through practice tests to develop proper test taking skills.